There is tremendous upside to this purchase and with a few updates here and there, the potential to increase the rents on this fully tenanted investment, make this a property the astute buyer must consider.

Currently returning a gross annual income of $176,320 + GST, with a total net lettable area of 1,698m2, a quick overview of each property has been provided below:

At an existing 6.45% net yield with upside, 207-209 James Street and 36 Wylie Street incorporates 3 lots and features:

• 3 Retail Shop Fronts (approx. 46m2 each)
• 5 x Industrial / warehouse units (approx. 112m2 each)
• 1 x Large Warehouse (approx. 400m2)
• 2 x Upstairs tenancies – currently leased as residential (approx. 140m2 each)
• Onsite amenities
• Onsite parking at the rear

36 Wylie Street, situated at the rear of 207-209 James Street and on a separate lot, with its own entrance off Wylie Street features:

• 320m2 tilt panel / metal clad shed with an internal air-conditioned reception / office space.
• Internal amenities include male and female toiles and a shower
• 2 x High bay roller doors providing access with parking at the front.

Zoned Mixed Use, this code allows for a large variety of business uses including gyms, bulky goods retailers and offices, and with limited spaces zoned within this category, adds a huge advantage to this already incredible investment.

207 – 209 James Street & 36 Wylie Street present an incredible opportunity for an investor / developer to take advantage of highly exposed location and the current returning income.

UPSIDES – upgrade the site and increase the rental return, with the potentially to sell the lots individually in the future!

For more information on this savvy investment opportunity contact Drew Camm – DC Commercial on 0432 055 2... | drew@dccommercial.com.au